Why Live in Caraleigh
Caraleigh is a neighborhood experiencing significant growth as downtown Raleigh expands southward. Originally established in the late 1800s for textile mill workers, Caraleigh now features trendy home construction and planned developments, including an apartment tower and a mixed-use district with offices, apartments, and a music venue. The Caraleigh Commons subdivision offers new, tall, rectangular homes with Italianate accents and modern amenities like high ceilings and rooftop decks. The area also includes minimal traditional houses and the Caraleigh Mills condo complex. Dorothea Dix Park, a 300-acre urban park, is a major attraction, offering a variety of recreational activities such as kite-flying, dog parks, and a sledding spot. The park is undergoing further development, including the Gipson Play Plaza and a nature preserve along Rocky Branch stream.
Residents enjoy local attractions like Trophy Brewing Co.’s taproom and the North Carolina State Farmers Market, which offers fresh produce and a restaurant serving locally sourced dishes. The Purr Cup Café provides a unique coffee experience with cats roaming freely. Caraleigh Baptist Church, established in 1904, remains a community staple. The neighborhood is part of the Wake County Public School System, with highly rated schools such as Washington Magnet Elementary, Ligon Magnet Middle, and Enloe Magnet High School. Caraleigh offers better access to single-family homes and parking compared to downtown, with easy connectivity via Interstate 40 and the GoRaleigh bus system. While the surrounding roads add convenience, they also contribute to traffic noise.
Home Trends in Caraleigh, NC
On average, homes in Caraleigh, Raleigh sell after 18 days on the market compared to the national average of 69 days. The median sale price for homes in Caraleigh, Raleigh over the last 12 months is $86,000, down 81% from the median home sale price over the previous 12 months.
Median Sale Price
$86,000
Median Single Family Sale Price
$86,000
Median Townhouse Sale Price
$2,550,000
Median 2 Bedroom Sale Price
$3,950,000
Average Price Per Sq Ft
$382
Number of Homes for Sale
5
Last 12 months Home Sales
25
Median List Price
$447,866
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-81%